Monday , September 16, 2024

Debit Cards

GasBuddy Hits 2 Million Members And Other Digital Transactions News briefs from 3/15/23

GasBuddy LLC, a fuel-savings platform, announced its Pay with GasBuddy program has now attracted more than 2 million members since its launch in 2017. The program includes a Pay with GasBuddy card linked to the user’s checking account. Users receive a discount of up to 25 cents per gallon when paying at …

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PayNearMe Teams With Lottery Now to Facilitate Digital Payouts And Deposits in Nine States

PayNearMe Inc. announced Tuesday it is expanding its iGaming footprint through a deal with Lottery Now Inc., which operates the Mido Lotto lottery. Consumers playing Mido Lotto, which is available in nine states, according to the Lottery Now Web site, will be able to purchase tickets with, as well as …

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Cheq On Deck at Target Field And Other Digital Transactions News briefs from 3/14/23

Cheq Inc., a mobile and social hospitality payments provider, said it will provide the mobile ordering platform at Target Field, the home stadium of the Minnesota Twins Major League Baseball team. Available via the MLB Ballpark app, the service will enable consumers to order and pickup at select concession stands. …

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Snack POS Beefs Up Its Terminal Offering Through a Deal With Sunmi

Snack POS, a provider of restaurant software, has fortified its position in the hotly competitive restaurant point-of-sale payments market through a partnership with POS terminal maker Sunmi Technology Co. The deal will enable Snack POS to offer Sunmi’s POS and mobile devices to restaurants. Sunmi’s devices are designed to help …

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COMMENTARY: Five Key Trends And Changes to Expect for Payment Methods in 2023

With a rapidly growing market, increased competition, and more ways to advance than ever on the front end, payments organizations around the world are finding it hard to keep up with changing consumer demands. The success of the industry, although often celebrated, does not negate the sheer pressure that back …

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Paysafe’s Boss Presents a Sunnier Outlook As He Points to Improved Results

Bruce Lowthers came over from FIS Inc. last spring to run a stumbling Paysafe Ltd., and in the ensuing months the new chief executive delivered a series of candid assessments of his new company. “Bluntly, we’ve lost our way here,” he told equity analysts in November, adding, “We’re impeding our …

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Silvergate To Wind Down And Other Digital Transactions News briefs from 3/9/23

Silvergate Capital Corp. said it will wind down its operations and return deposits to customers after it was forced to sell assets at a loss. Silergate last year acquired the assets of stablecoin venture Diem Group, formerly known as Libra. U.S. retail sales in February, excluding automotive, were up 6.9% from February 2022, …

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Eye on Acquirers: Shift4’s Online Ticketing Move; Nuvei Records Double-Digit Volume Jumps

Shift4 Payments Inc. has been cementing its position as a major payments provider for stadiums and arenas, and early on Wednesday it announced a big move into a closely related market: online ticketing. The Allentown, Pa.-based processor said it will handle payments for all tickets sold through Premier Productions’ iTickets.com …

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Fintechs Eat into Bank Payments Volume And Other Digital Transactions News briefs from 3/8/23

Among some 108 banks in North America, Europe, and Asia-Pacific, nearly half indicate they have lost at least 10% of their payments volume to fintechs, according to an Aite-Novarica report supported by payments platform Finastra. As a result, some 65% plan to make a significant or moderate investment in payments technology …

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Mercedes Adds Biometric Payments to Five Models, Turning the Car into a Payment Device

Mercedes-Benz’s new Mercedes pay+ in-car payment service is coming to five models manufactured by the Germany-based luxury-car maker. Though earlier efforts from a variety of car makers put in-car payments on the road, Mercedes-Benz is the first, with its Mercedes pay+ technology, to use Visa Inc.’s Delegated Authentication and Cloud …

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Digital Transactions